Chris
Sat Oct 08 11:09:37 CDT 2005
What I did not state explicitly, and is implied by Dick's FAQ: creating a
liability account (account payable, in accounting terminology) records the
entire expense at the time the bill is recorded, not when it is finally
paid.
If you think of expenses as being incurred when you pay them, creating a
liability account runs counter to that process. However, that's also how
credit card payments work in Money. Expenses are incurred at the time of a
purchase; payment toward the credit card balance is not an expense.
--
Chris Cowles
Gainesville, FL
"Dick Watson" <littlegreengecko@mind-enufalready-spring.com> wrote in
message news:%23RJBzb7yFHA.664@tk2msftngp13.phx.gbl...
> See also
http://umpmfaq.info/faqdb.php?q=132.
>
> "BDK" <BDK@discussions.microsoft.com> wrote in message
> news:298D90B7-A9CC-4F60-B598-196D52517C16@microsoft.com...
>> Can money store my bill balances? For instance if I only partially pay a
>> bill, I'd like to see what my balance is.
>
>